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Jan 10, 2011

Marketplace Morning Report for Monday, January 10, 2011

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Segments From This Episode

Verizon expected to announce iPhone coverage
by Jennifer Collins
Verizon is expected to announce that it too will carry the iPhone. Apple introduced the iPhone four years ago, and until now had an exclusive contract with AT&T. Jennifer Collins reports.
U.S. to open the first overseas Consumer Product Safety office
by John Dimsdale
This week, Inez Tenenbaum, chairwoman of the Consumer Product Safety Commission, travels to Beijing to set up the first overseas Consumer Product Safety office to help regulate and monitor product standards. John Dimsdale explains.
Stubhub snubs BCS ticket buyers
by Marketplace Staff
The Internet has revolutionized how patrons buy tickets to concerts, movies, even sporting events. And as Oregon and Auburn prepare to square off in tonight's BCS Championship game, some ticket buyers are already at a loss. David Nogueras reports.
Trans Alaska Pipeline shut down after leak
The oil market braced for a big surge in prices following a pipeline leak that was discovered Saturday in Alaska. A leak that shutdown all production in North America's biggest oil field. Stephen Beard explains.
Chinese officials propose a property tax to fight potential bubble
by Rob Schmitz
Until recently, Chinese homeowners didn't have to pay annual property taxes. But the government fears there's a property bubble, and to fight it, residents of Chongqing will begin paying property taxes.
Texas faces a budget deficit of at least $15 billion
by Marketplace Staff
Lawmakers in Texas gather today for a new legislative session. And they have a Lone Star-sized problem: a budget deficit of at least $15 billion. Ben Philpott has more.
Southern Sudan seeks vote for independence
by James Copnall
Today is the second day of a week long referendum asking people in southern Sudan if they want independence from the country's government in Khartoum. The vote is part of an agreement ending years of civil war and the referendum carries big economic implications for both the north and the south.
Visteon returns to the New York Stock Exchange
by Alisa Roth
Visteon — a car parts maker that was once part of Ford — will start trading at the New York Stock Exchange again. Alisa Roth explains.
Julia Coronado: corporate earnings
by Marketplace Staff
Jeremy Hobson speaks with Julia Coronado from BNP Paribas about expected corporate earnings in 2011, and what those numbers say about the health of the economy.
The Consumer Product Safety Commission plans to publicize complaints
by John Dimsdale
The Consumer Product Safety Commission is going forward with a controversial plan to make public the thousands of complaints it receives every year about defective products.
The Federal Reserve will perform more stress tests
by Marketplace Staff
It's been more than a year and a half since the Federal Reserve tested the nation's 19 largest banks, making sure they were healthy enough to go on in the depths of the financial crisis. And this week, the Fed will be back with more stress tests for the banks, looking at whether they can raise dividends and buy back shares.
Duke Energy announce plans to buy Progress Energy for $14 billion
by John Dimsdale
The nation's third largest electric utility, Duke Energy, announced today it's gonna buy Progress Energy for about $14 billion. The combined companies would become the largest power company in the country.